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Nalezeno "South korea": 2098

Bithumb Terminates Trademark Agreements With 2 Foreign-Based Exchanges

18.7.2021
Leading Korean crypto exchange Bithumb is terminating its trademark agreements with two coin trading platforms operating abroad under its brand name. The move comes as digital asset exchanges in South Korea prepare to comply with the country’s stricter regulations for the industry that will...

South Korean Regulator Analyzing 578 Cryptocurrencies

14.7.2021
South Korea is deliberating on four crypto-related bills for the regulation of cryptocurrencies. “We are currently doing groundwork by searching for and analyzing data on 578 coins that have various forms,” the chairman of the country’s top financial regulator reportedly said....

South Korean Bank Woori Financial to Offer Crypto Custody Services

13.7.2021
Woori Financial Group, one of the biggest financial conglomerates in South Korea, will offer crypto custody services. The bank will develop a joint venture effort with Coinplug, a blockchain-based developing company. This conglomerate signals the third bank entering the market in the country, after...

Tech Titans Kakao, Naver and SK in Battle to Test South Korean CBDC

12.7.2021
Some of South Korea’s biggest tech and telecommunications giants will duke it out for the right to pilot the central Bank of Korea (BOK)’s forthcoming digital won. Per KBS and Chosun, the bidding process has become a “three-way battle” between the search engine and chat app operator Naver, the chat...

Korean Banks Elevate Cybersecurity to Deal With Crypto-Related Risks

7.7.2021
South Korean banks are taking steps to bring cybersecurity to a new level as they try to keep up with fintechs and address new threats arising from their interaction with the crypto space. A number of institutions are adopting unprecedented measures including the integration of blockchain...

South Korean Crypto Exchange Bithumb Bans Employees from Trading Bitcoin

3.7.2021
One of the largest South Korean cryptocurrency exchanges, in terms of trade volume, Bithumb, has announced that employees are banned from trading bitcoin on the exchange platform. The company’s chief executive officer revealed the decision in a Bithumb newsletter focused on improving...

South Korea’s 4 Biggest Crypto Exchanges to Adopt FATF’s Travel Rule

2.7.2021
The “big four” South Korean crypto exchanges have signed a Memorandum of Understanding (MOU) deal that will see them jointly implement the Financial Action Task Force (FATF)’s Travel Rule. The group of exchanges, which comprises the market-leading Upbit and Bithumb, as well as Korbit and Coinbit...

Korean Crypto Exchanges Consider Suing Government Over Banking Requirements

30.6.2021
All cryptocurrency exchanges in South Korea except the largest four may be unable to meet the bank account requirements needed to stay in business. A number of Korean crypto exchanges are considering suing the government and financial authorities, claiming that the country’s crypto law...

Government, Police to Inspect all 60 of South Korea’s Crypto Exchanges

25.6.2021
The South Korean financial regulator is to radically step up its monitoring of the crypto industry – with an announcement that it is set to conduct inspections at all 60 of the nation’s crypto exchanges in conjunction with the police and independent IT inspectors. After being accused of dragging...

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